Brokerages Set Beazer Homes USA, Inc. (NYSE:BZH) Target Price at $37.75

Beazer Homes USA, Inc. (NYSE:BZH) has been assigned an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.75.

BZH has been the topic of several recent research reports. Zelman & Associates cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Wedbush increased their price objective on shares of Beazer Homes USA from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Oppenheimer initiated coverage on shares of Beazer Homes USA in a research note on Friday, May 31st. They issued an “outperform” rating and a $37.00 price objective on the stock. B. Riley lowered their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th.

Insiders Place Their Bets

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. 6.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently added to or reduced their stakes in BZH. Teacher Retirement System of Texas increased its position in Beazer Homes USA by 47.2% in the fourth quarter. Teacher Retirement System of Texas now owns 280,213 shares of the construction company’s stock worth $9,468,000 after purchasing an additional 89,848 shares during the last quarter. Foundry Partners LLC increased its position in Beazer Homes USA by 29.4% in the first quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock worth $5,373,000 after purchasing an additional 37,200 shares during the last quarter. First Eagle Investment Management LLC increased its position in Beazer Homes USA by 53.3% in the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock worth $11,798,000 after purchasing an additional 125,100 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Beazer Homes USA by 58.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after purchasing an additional 958,814 shares during the last quarter. Finally, EMG Holdings L.P. bought a new stake in Beazer Homes USA in the fourth quarter worth $4,831,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Price Performance

BZH opened at $27.77 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. The stock has a market capitalization of $876.06 million, a P/E ratio of 5.36, a P/E/G ratio of 1.41 and a beta of 2.16. The company’s 50-day simple moving average is $29.06 and its two-hundred day simple moving average is $29.33. Beazer Homes USA has a 52-week low of $22.03 and a 52-week high of $34.89.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $595.68 million for the quarter, compared to analysts’ expectations of $597.67 million. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.75%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. As a group, analysts predict that Beazer Homes USA will post 4.64 EPS for the current year.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.